28th November 2023
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Gov’t reserves enough to address current inflation -officials

Author: Lasuba Memo | Published: Friday, May 26, 2023

BoSS governor Johnny Ohisa, Finance Minsiter, Dier Tong brief President Kiir on Economic situation/courtesy

The Government on Friday said it has enough reserves to address the current inflation in the market.

The announcement comes after Finance Minister Dr Dier Tong Ngor and Central Bank Governor Johnny Ohisa Damian briefed President Kiir on the latest monetary plans for the country.

Minister Dier said the institutions are going to inject enough dollars into the market to meet the high demand for hard currency, the presidential press unit reported.

“We have reached a concrete solution to avail dollars into the market to address the high inflation”, the press unit cited him as saying, and that this, would bring down consumer prices in the market.

For his part, the Central Bank Governor Johnny Ohisa Damian said the Bank is going to be financing the import of essential commodities into the country.



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